In a Lindahl equilibrium,
A) each consumer purchases a pure public good up to the point at which his or her marginal benefit equals the marginal social cost of the good.
B) each person pays a tax per unit of the pure public good equal to his or her marginal benefit.
C) the sum of the marginal benefits of all consumers equals the marginal social cost of the good.
D) both a and c
E) both b and c
Correct Answer:
Verified
Q22: A means of creating a price-excludable public
Q23: The demand curve for a pure public
Q24: The principle of nonexclusion for pure public
Q25: Education is:
A)a pure public good.
B)a pure private
Q27: Cable TV programming is an example of
Q29: The monthly rental rate for a satellite
Q29: A major distinction between pure public goods
Q33: The nonrival property of pure public goods
Q37: Summer open-air concerts are a pure public
Q40: A baseball field is:
A)a pure public good.
B)a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents